Air Products and Chemicals, Inc. $APD Holdings Reduced by Corient Private Wealth LP

Key Points

• Corient Private Wealth reduced its Air Products and Chemicals stake by 2.7% in the second quarter, selling 6,549 shares and retaining 239,508 shares valued at approximately $70.2 million. Institutional investors collectively own 81.66% of the company.
• Analysts remain generally positive, with a consensus “Moderate Buy” rating and an average price target of $336.53. Several firms recently raised their targets to between $329 and $355.
• Air Products exceeded quarterly earnings expectations, reporting $3.47 in EPS versus the $3.34 consensus, while revenue rose 4.6% year over year to $3.16 billion. The company also declared a quarterly dividend of $1.81 per share, equivalent to a 2.5% annualized yield.

Corient Private Wealth LP lowered its position in Air Products and Chemicals, Inc. (NYSE:APD - Free Report) by 2.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 239,508 shares of the basic materials company's stock after selling 6,549 shares during the quarter. Corient Private Wealth LP owned about 0.11% of Air Products and Chemicals worth $70,219,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Lloyd Advisory Services LLC. acquired a new stake in Air Products and Chemicals in the 4th quarter valued at approximately $25,000. Evolution Wealth Management Inc. acquired a new position in Air Products and Chemicals during the 1st quarter worth $25,000. Fiduciary Financial Advisors acquired a new position in Air Products and Chemicals during the 2nd quarter worth $25,000. Meeder Asset Management Inc. bought a new position in shares of Air Products and Chemicals in the fourth quarter worth $25,000. Finally, Mcguire Capital Advisors Inc. acquired a new position in shares of Air Products and Chemicals during the fourth quarter valued at $25,000. Institutional investors own 81.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Mizuho upped their price objective on shares of Air Products and Chemicals from $345.00 to $355.00 and gave the stock an "outperform" rating in a report on Friday, July 31st. Argus raised their target price on shares of Air Products and Chemicals from $316.00 to $329.00 and gave the company a "buy" rating in a research note on Wednesday. Citigroup upped their price target on shares of Air Products and Chemicals from $315.00 to $330.00 and gave the stock a "neutral" rating in a research note on Friday, July 31st. Wells Fargo & Company raised their price objective on shares of Air Products and Chemicals from $340.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $320.00 target price on shares of Air Products and Chemicals in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $336.53.

Air Products and Chemicals Price Performance

Shares of Air Products and Chemicals stock opened at $291.70 on Friday. Air Products and Chemicals, Inc. has a 52 week low of $229.11 and a 52 week high of $314.87. The company has a current ratio of 1.08, a quick ratio of 0.92 and a debt-to-equity ratio of 1.01. The stock has a market cap of $64.96 billion, a PE ratio of -1,325.90, a price-to-earnings-growth ratio of 2.94 and a beta of 0.75. The company's 50-day moving average price is $300.55 and its two-hundred day moving average price is $292.81.

Air Products and Chemicals (NYSE:APD - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $3.47 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.13. Air Products and Chemicals had a negative net margin of 0.38% and a positive return on equity of 16.87%. The company had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the firm posted $3.09 EPS. The business's revenue for the quarter was up 4.6% on a year-over-year basis. Air Products and Chemicals has set its FY 2026 guidance at 13.390-13.490 EPS and its Q4 2026 guidance at 3.550-3.650 EPS. As a group, sell-side analysts anticipate that Air Products and Chemicals, Inc. will post 13.46 EPS for the current fiscal year.

Air Products and Chemicals Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 9th. Shareholders of record on Thursday, October 1st will be given a $1.81 dividend. The ex-dividend date is Thursday, October 1st. This represents a $7.24 annualized dividend and a yield of 2.5%. Air Products and Chemicals's payout ratio is -3,290.91%.

Air Products and Chemicals Profile

Air Products and Chemicals, Inc is a global industrial gases and chemicals company headquartered in Allentown, Pennsylvania. Founded in 1940, the company supplies atmospheric and process gases, including oxygen, nitrogen, argon, hydrogen, helium, carbon monoxide and syngas, along with related equipment and technical services.

Air Products serves customers in industries such as refining, chemicals, metals, electronics, manufacturing, food and beverage, healthcare and energy. Its offerings support applications including combustion, metal fabrication, semiconductor production, food preservation, medical care and industrial processing.

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